Rift is building a protocol that allows users to trade bitcoin in a peer-to-peer manner while remaining on chains such as Ethereum, aiming to bridge liquidity between the Bitcoin network and other ecosystems. By facilitating native bitcoin trading on non-Bitcoin chains, Rift seeks to remove reliance on wrapped or synthetic assets and reduce counterparty risk. The protocol focuses on creating a seamless trading experience that leverages existing DeFi infrastructure on alternative blockchains. Rift’s roadmap centers on expanding cross-chain functionality to broaden the reach and utility of bitcoin in decentralized finance. To accelerate development, the company secured an $8 million capital infusion in its latest round. Although detailed operating metrics such as user numbers or revenue have not been disclosed, the new funds underscore investor confidence in Rift’s approach to cross-chain bitcoin liquidity. The financing provides the company with additional runway to scale its technology and onboard more users.

Total raised

$8M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2025